subject
Business, 05.12.2019 17:31 fatboicroi

You are one of five risk-neutral bidders participating in an independent private values auction. each bidder perceives that all other bidders’ valuations for the item are evenly distributed between $20,000 and $60,000. for each of the following auction types, determine your optimal bidding strategy if you value the item at $48,000. a. first-price, sealed-bid auction. bid $20,000. bid $42,400. bid $60,000. bid $48,000. b. dutch auction. let the auctioneer continue to lower the price until it reaches $60,000, and then yell "mine! ". let the auctioneer continue to lower the price until it reaches $48,000, and then yell "mine! ". let the auctioneer continue to lower the price until it reaches $20,000, and then yell "mine! ". let the auctioneer continue to lower the price until it reaches $42,400, and then yell "mine! ". c. second-price, sealed-bid auction. bid $48,000. bid $20,000. bid $60,000. bid $42,400. d. english auction. remain active until the price exceeds $42,400, and then drop out. remain active until the price exceeds $60,000, and then drop out. remain active until the price exceeds $48,000, and then drop out. remain active until the price exceeds $20,000, and then drop out.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:00
12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)
Answers: 3
question
Business, 22.06.2019 20:30
John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76
Answers: 1
question
Business, 22.06.2019 22:00
Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.
Answers: 2
question
Business, 23.06.2019 00:20
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
You know the right answer?
You are one of five risk-neutral bidders participating in an independent private values auction. eac...
Questions
question
Mathematics, 15.10.2019 20:30
question
Mathematics, 15.10.2019 20:30
Questions on the website: 13722366